China home prices ticked +0.7% higher in May

The latest housing data published from the world’s second largest economy, China, showed that the home prices ticked slightly higher on the month, calming somewhat the China slowdown fears.

Key Details:

All China home prices rose +0.7% m/m in May vs. +0.6% booked in April.

Meanwhile, home prices steadied at +10.7% y/y in May.